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For Lease · Land

2000 DAVIS DRIVE, King

2000 DAVIS DRIVE, King, ON L3Y4V9

Price on request

10,000 SF

Asset Class

Land

Size

10,000 SF

Building class

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

89%

About this property

HOT!! HOT!!! RARE on the Market for Lease in Super Location in King City on Davis Drive West****Agricultural Zonning is Suitable for*** AGRICULTURAL CANNABIS PRODUCTION FACILITY & MEDICAL CANNABIS PRODUCTION SITE. Property Comes with 600 Amps, 600 Volts, One Propane Tank,10 AC Units x5 Tons, 3 AC Units x20 Tons. 5 Growing Containers approximately 2400 SQ.FT. Which Total Area Could be Equipped with Power Heat and AC. Mezzanine Apr. 2500 SQ.FT.(AS IS),Racks with 2 Levels (AS IS).Territory is Fully Fenced with Gates. Building Also Offers: 7 Additional Rooms, Kitchen with Appliances, 3 Bathrooms (1x3),(2x2). Room for Washer/Dryer Next to Kitchen.***EXTRAS****Tenant Must Have All Health Canada Provincial Licensing & All Necessary Permits For Conducting Permitted Cannabis Business.Get All Required Permits in King City Municipality**GROSS RENT REFLECTS MEDICAL CANNABIS USE**. Arrange Tenants' Liability Insurance. 4 Months Security Deposit. See Schedule "C" Regarding Permitted Zonings. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$1.50M

Down payment30% · $450K

Interest rate6.25%

Amortization25 years

Occupancy89%

Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

Tenant	Suite	Area	Rent / SF	Expiry
Meridian Health Group	460	3,033 SF	$39.04	2030-08
Meridian Health Group	460	2,009 SF	$39.16	2030-07
Aurora Legal LLP	460	1,303 SF	$39.28	2030-07
Aurora Legal LLP	460	2,555 SF	$39.40	2030-07

Area demographics

Trade area within 3 miles of the property.

Population

107,615

Households

49,579

Median income

$100,500

Median age

Daytime population

99,883

5-yr growth

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2000 DAVIS DRIVE, King.

NDA required

Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.